AML / KYC

1MDB Fugitive Jho Low Allegedly in Shanghai Using Forged Australian Passport

21/07/2025

Investigative journalists claim the fugitive financier is living in a luxury mansion and working for entities linked to the Chinese government.

Fintech / Regtech

US Signs GENIUS Act Into Law, Setting Rules for Stablecoin Issuers

21/07/2025

The GENIUS Act creates a potential pathway for issuers from other jurisdictions to access the US market if their local regulations are deemed equivalent.

Sanctions

EU Adopts 18th Sanctions Package Against Russia

19/07/2025

The package targets Russia’s shadow fleet and energy revenues, as well as two Chinese banks and a Russian-owned refinery in India.

Market Infrastructure

G20 Backs Central Bank Independence, Agrees Path on NBFI Risk and Tax

19/07/2025

In a rare show of unity, G20 finance ministers issued their first joint communiqué since October 2024, stressing central bank independence.

Securities / Derivatives

Japan to Phase in ISSB-Aligned Disclosure and Assurance from 2027

18/07/2025

Regulators will require the largest firms to adopt the standards first, introducing a "safe harbour" provision to account for uncertain and forward-looking data.

Securities / Derivatives

Korea to Mandate Venture Capital Investment for 'Mega IBs'

17/07/2025

Regulators have proposed new rules forcing large investment banks to allocate 25% of certain funds to venture capital while tightening designation criteria.

AML / KYC

PBOC Proposes to Update Reporting Rules for Suspicious Transactions

17/07/2025

The PBOC has launched a consultation to align rules with a new AML law, introducing non-site inspections and extending record-keeping requirements.

AML / KYC

MAS Mandates 2FA for All Online Financial Accounts, Tightens Exemptions

17/07/2025

MAS updates guidance to make two-factor authentication mandatory for all customers, shifting from a client-based to an access-based exemption model.

Securities / Derivatives

Japan Cautiously Considering Move to T+1 Equities Settlement

16/07/2025

FSA study group urges a cautious approach while monitoring regional peers, highlighting risks of settlement fails and time zone challenges for foreign investors.